THOMAS W. VEAZEY, ESQUIRE, GOVERNOR,

1835.

meetings are called by the stockholders, such notice

CHAP. 338,

shall specify the particular object of the call; and if at

Majority must at-

any such called meetings a majority, in value, of the

tend

stockholders are not present in person or by proxy,

such meeting shall be adjourned from day to day

without transacting any business; but if within three

Or dissolved

clays subscribers or stockholders, having a majority,

in value, of the whole stock subscribed, do not attend,

such meeting shall be dissolved.

SEC. 9. And be it enacted, That at the regular an-

Statement

nual meeting aforesaid, it shall be the duty of the pre-

sident and directors in office, for the preceding year,

to exhibit a clear and distinct statement of the affairs

of the company; that at any of the railed meetings

aforesaid, a majority of those present being a quorum,

may require similar statements from the president and

dire tors, whose duty it shall be to furnish them, and

at any general meeting a majority of all the stockhold-

Power to remove

ers, in value, concurring, may remove from office any

president or any director by them elected, and may

appoint others in their stead.

SEC. 10. And be it enacted, That every president,

Oath

director or other officer of said company, before he acts

as such, shall swear, or affirm, that he will well and

truly discharge the duties of his ollice to the best of his

skill and judgment.

SEC. 11. And be it enacted, That the president and

Power to appoint officers

directors, or a majority of them, may appoint all such

officers, engineers, Agents or servants, as they may

deem necessary for the transaction of the business of

the company and remove them at pleasure: that they,

or a majority of them, shall have power to determine

Determine com-

the compensation to be allowed to such persons, and

pensation

by their by-laws, settle and establish the mode of ad-

justing and settling all accounts against the company,

and also the mariner and evidence of transfers of stock,

Transfers

and they, or a majority of them, shall have power to

pass all by-laws which they may deem necessary to

to the exercise of all the powers vested in this com-

pany, and to carry the objects of this act into effect;

Proviso

Provided always, that such by-laws shall not be con-